The two Fannie Mae personal present at the foreclosure mediation of June 2, 2011 stayed silent throughout the mediation. Fannie Mae is a money making business. Through the U.S. Treasury bailout.

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Highland Park, NJ The approval from Fannie Mae for the condomiuim development is valid till 9/21/2012. Overlook At Highland Park [Phase 1, Bldgs 6-8, 13,21-24] Highland Park, NJ The units in the above condo are eligible for Fannie Mae financing before expiring on 1/13/2012. Park Place At Mountain Lakes [BUILDINGS 1 AND 8] Mountain Lakes, NJ

Fannie Mae’s chief risk officer, Enrico Dallavecchia, will also leave. The changes “signal they are trying to correct some problems,” said David Dreman, chairman of Jersey City, New Jersey-based.

Fannie Mae and Freddie Mac purchase mortgage loans from banks and mortgage companies. Think of Fannie and Freddie as a bank’s banker. In short, the bank loans you money to purchase a home or condominium and then sells the loan to either Fannie or Freddie. The bank or mortgage company earns a commission on the sale.